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Sonic R. System

  • #16,381
  • Jan 3, 2011 8:51pm Jan 3, 2011 8:51pm
I am currently looking at aud/jpy and eur/cad for both short
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  • #16,382
  • Jan 3, 2011 8:55pm Jan 3, 2011 8:55pm
Quoting row
This might sound like a really dum question but how do you guys draw the zig zag lines to show the waves.
it's an indicator...
you can download it if u don't have it
Money management is good for your health...
  • #16,383
  • Jan 3, 2011 9:00pm Jan 3, 2011 9:00pm
Quoting 13thheaven
it's an indicator...
you can download it if u don't have it
where can i find this indi.
  • #16,384
  • Jan 3, 2011 10:10pm Jan 3, 2011 10:10pm
Quoting row
where can i find this indi.
"http://codebase.mql4.com/download/8971"

you can download it there...
and put the file inside the MT4expertsindicators
then restart your meta trader
then you can already get it from the indicator section
good luck
Money management is good for your health...
  • #16,385
  • Jan 3, 2011 11:05pm Jan 3, 2011 11:05pm
Quoting 13thheaven
"http://codebase.mql4.com/download/8971"

you can download it there...
and put the file inside the MT4expertsindicators
then restart your meta trader
then you can already get it from the indicator section
good luck
thank 13thheaven
  • #16,386
  • Jan 3, 2011 11:57pm Jan 3, 2011 11:57pm
EU:

There are medium impact EUR releases due today, but also medium and a high impact USD releases. So, there is the possibility the price will be held up for the building of short positions until the USD high impact release.

The attached M30 chart shows a possibility for the PA over maybe two sessions, today and tomorrow.....a drop of 250 pips.

There is a lot of volume activity up here, a 100 pips above yesterdays low. You'd think if the PPMs were buying, they would drive the price back down instead of wasting their coin up here, buying higher than they have to. So, it sure looks like a grand dump is coming up......

WARNING: Speculation!

Regards,
-TAH
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  • #16,387
  • Jan 4, 2011 12:32am Jan 4, 2011 12:32am
EU:

Entered this SonicR short setup. If the PPMs snap the price up later, I'll add to the short. SL is mental, and TP is tentative because this could drop a lot over two days or more.
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  • #16,388
  • Jan 4, 2011 1:04am Jan 4, 2011 1:04am
Quoting traderathome
EU:

Entered this SonicR short setup. If the PPMs snap the price up later, I'll add to the short. SL is mental, and TP is tentative because this could drop a lot over two days or more.
TAH i am still trying to figure out how you use the volume indicator as a guide......when i look at it i see both bull and bear candles going back and forth through the dragon with high volume.
  • #16,389
  • Jan 4, 2011 1:34am Jan 4, 2011 1:34am
@row
u're welcome

@TAH
CMIIW
in 15 minutes GU, we need to wait for 1 more HH if we want to get in according to the sonicR, is it correct? after the HH, how should we get in the position? sorry i'm just learning this great method. Thx
Money management is good for your health...
  • #16,390
  • Jan 4, 2011 2:05am Jan 4, 2011 2:05am
Quoting 13thheaven
@row
u're welcome

@TAH
CMIIW
in 15 minutes GU, we need to wait for 1 more HH if we want to get in according to the sonicR, is it correct? after the HH, how should we get in the position? sorry i'm just learning this great method. Thx
Come on, guys. If you have read the thread, you know Sonic's rule.....no pic, no post. If anyone has a burning question, put it to words and to a chart, so all can easily understand what is being asked.
  • #16,391
  • Jan 4, 2011 2:26am Jan 4, 2011 2:26am
Quoting traderathome
Come on, guys. If you have read the thread, you know Sonic's rule.....no pic, no post. If anyone has a burning question, put it to words and to a chart, so all can easily understand what is being asked.
sorry i forgot to attach the chart
they are forming the HH, so where should i get in?
thx
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Money management is good for your health...
  • #16,392
  • Jan 4, 2011 2:26am Jan 4, 2011 2:26am
GJ:

50 pips profit on this trade from last week, just closed.
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  • #16,393
  • Jan 4, 2011 2:27am Jan 4, 2011 2:27am
Hi TAH

Any comment on EJ?
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  • #16,394
  • Jan 4, 2011 2:32am Jan 4, 2011 2:32am
UCf:

70 pips profit on this SonicR long trade from yesterday, per attached. PA just made it to my TP.
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  • #16,395
  • Jan 4, 2011 3:56am Jan 4, 2011 3:56am
Hi Guys:

Bad day for me today.

3 trades: 2 negative 1 positive.

Balance: -63 pips.

Enough for me today. I don't want to fall in overtrading.

1st Short GU: sl hit.
2nd Long GU: Closed manually.
3rd Short EU: sl hit.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,396
  • Jan 4, 2011 4:06am Jan 4, 2011 4:06am
Quoting nando_rich
Hi Guys:

Bad day for me today.

3 trades: 2 negative 1 positive.

Balance: -63 pips.

Enough for me today. I don't want to fall in overtrading.

1st Short GU: sl hit.
2nd Long GU: Closed manually.
3rd Short EU: sl hit.
Hi!
On GU short setup non)
  • #16,397
  • Jan 4, 2011 4:12am Jan 4, 2011 4:12am
Quoting nando_rich
Hi Guys:

Bad day for me today.

3 trades: 2 negative 1 positive.

Balance: -63 pips.

Enough for me today. I don't want to fall in overtrading.

1st Short GU: sl hit.
2nd Long GU: Closed manually.
3rd Short EU: sl hit.
I feel for you, nando_rich.

The PPMs have rammed EU skywards for all they are worth (and for a lot more than the euro is worth, too!). To me, it looks like the PPMs are sandbagging for the USD releases, because the higher they pump it, the bigger the volume gets! They are shorting at "gold mine" prices now that they have manipulated the price above the whole number!

It is what I believe. So I have been adding little bits as they keep pumping. My average is now 1.3370 and so this is no longer being treated as a SonicR trade.
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  • #16,398
  • Jan 4, 2011 4:25am Jan 4, 2011 4:25am
Quoting traderathome
I feel for you, nando_rich.

The PPMs have rammed EU skywards for all they are worth (and for a lot more than the euro is worth, too!). To me, it looks like the PPMs are sandbagging for the USD releases, because the higher they pump it, the bigger the volume gets! They are shorting at "gold mine" prices now that they have manipulated the price above the whole number!

It is what I believe. So I have been adding little bits as they keep pumping. My average is now 1.3370 and so this is no longer being treated as a SonicR trade.
Thank you. Don't worry, it's part of the game. The important thing is that I went by the rules and I followed my trading plan.
"Being picky only cost your time - not MONEY"...Hans
  • #16,399
  • Jan 4, 2011 4:49am Jan 4, 2011 4:49am
Quoting nando_rich
Thank you. Don't worry, it's part of the game. The important thing is that I went by the rules and I followed my trading plan.
Nando_rich,

I have a loser today, the same to you, I shorted EU.
Negative 35 pips and I stopped. I think that is a part of the game. Longterm we are winners because we have a trading plan.

We are also learning from Traderathome about PPMs. I think this is very important in holidays, impact news release.

TAH, I see PPMs's action in GU today, but I'm not sure. Can you explain more?

Regards,

TraderViet
  • #16,400
  • Edited 5:28am Jan 4, 2011 5:02am | Edited 5:28am
Quoting TraderViet
Nando_rich,

I have a loser today, the same to you, I shorted EU.
Negative 35 pips and I stopped. I think that is a part of the game. Longterm we are winners because we have a trading plan.

We are also learning from Traderathome about PPMs. I think this is very important in holidays, impact news release.

TAH, I see PPMs's action in GU today, but I'm not sure. Can you explain more?

Regards,

TraderViet
Don't think "releases" are just of impact during the holidays! The PPMs use them regularly as triggers for a run....all year around.

For example, look at GU. This could be a whopping Pump and Dump underway. The pump is now, to close longs and run stops on the shorts of other traders to increase liquidity so their own short orders at the highs can be filled. The dump could start sometime later today, in conjunction with USD releases.

For days the PA has encouraged traders to go long, and if the premise is correct, the PPMs welcomed them and gladly took the short side of all that business as the price cycled upwards. And if the premise is correct, soon and suddenly those traders that are long are going to be "locked out" when the price precipitously drops......the DUMP! And if it happens, we are not talking just a day or two of downside. It is about 300 pips back to the bottom of the range. And that is just for starters. It'll be another 300 pips or so to the bottom of the next lower range! Of course, the road down will be convoluted, so as to be more profitable and not so obvious.

All we can do is wait and see if the premise is correct.

-TAH
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